Across the globe, SMEs are considered key to economic development due to the significant contribution they make in terms of enhancing economic growth, improving job creation and reducing poverty. Unfortunately, SMEs in Nigeria continue to face challenges that limit their capacity to create jobs and economic opportunities. One of the key challenges faced by female entrepreneurs is lack of finance. Although investors have listed the presence of sustainable systems and structures as a key indicator for investing in businesses, post evaluation results from WIMBIZ programs indicate many SMEs fall short in this regard.
WIMBIZ recognizes that while external challenges are beyond the control of the entrepreneurs, with the appropriate skills and tools, they have the capacity to address the internal challenges.